The Mundell-Laffer Classical Solution

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miketheidiot

Lifer
Sep 3, 2004
11,060
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Originally posted by: PJABBER
Originally posted by: miketheidiot
Originally posted by: PJABBER

:laugh: I fully comprehend what I post and I aim to provide both the occasional reference and quote from people experienced and knowledgeable in the intricacies for supportive comment. I also aim to entertain at a certain level, though the humor obviously hits a bit too close to allow you to enjoy it as fully as I do.All I have seen of your replies is a nonsensical and egoistic expression of your personal unsupported and invalidated opinion and/or fantasy. No linked data, no references, no third party research, nada. Not even a knowledgeable counter argument such as might be found in any economic journal. Even Bowfinger at least offers some backing for his simplistic economic views, but you continue to offer a blowhardiness worth of your moniker.
I could link all sort of empirical evidence i want (and i have cited evidence, in this very thread), yet you post someones baseless trumpeting of twisted fact and lies, and you are the expert.


If i wanted to, i could give you reams of evidence, but having to put a page of footnotes at the end of every link would be a waste of my time and yours, which i suspect is the reason you post no footnotes or evidence either. I on the other hand at least have a deep knowledge of economic theory and evidence. At times i'll teach atpn a model to support my statements or link fred. Digging through a pile of econ texts, entering data and running regressions, or hunting down any of the thousands of articles i've read and remember almost line by line is not worth the effort for casual posting on an internet forum. For pier reviewed research, thats fine, but thats not why i am here.
La la la dee dah. You remind me of a child running around with fingers stuck deeply inside ears as red as plum tomatoes, ignoring truth while crying out for peer validation.

It is irrelevant to me how much you read; when you exposit nonsense you get the level of respect you so soundly deserve. You have been called on this many times, yet you continue to batter your pointy head against an unyielding wall while gnashing tiny teeth.

Once a partisan hack, always a partisan hack. And, dear God, learn to type...you are giving me eyestrain.

:laugh:

what party am i a hack to, oh non-partisan one?

As far as i can tell, you have never once offered a rebuttal to any criticism of any post, your only content witticisms and other peoples writings, as far as i am concerned you are incapable. Regarding my previous post, the author is an easily proven liar, both china and japan had very large stimulus programs, as large or larger than its american equivalent. Germany and france both have very strong social programs which act as a counter cyclical mechanism, classic Keynesian programs, albeit somewhat unintentionally.

A crude measure of economic stimulus is the size of the deficit relative to gross domestic product.
this measure is obnoxiously fallacious, and completely untrue. The best measure of the size of stimulus is the size of the measures they actually passed in legislature, which anyone bothering to write in a supposed credible and supposedly widely read publication would bother look up. Someone with more time and statistical training would look at the counter cyclical policies of the countries he is discussing, or use one of the number of analyses that have already been done and widely distributed in periodicals such as newsweek or the economist.

You, naturally, will provide nothing against any of these criticisms, because you never do, stumble toward the random ad hominem argument, post some :words; and move on to the next idiotic article that conforms to your intellectually empty worldview. I suppose this lend credence to your claim of being a writer, since you have always been attracted to cunning wordsmiths, regardless of the emptiness of the ideas behind them

yes, i am a very lazy typist. Welcome to the internet, we are legion.
 

miketheidiot

Lifer
Sep 3, 2004
11,060
1
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Originally posted by: alchemize
Originally posted by: Bowfinger
Originally posted by: PJABBER
[ Wall of verbose jabber trimmed ]
Columbia professor and Nobel Prize winner Robert Mundell and Reagan advisor Arthur Laffer put this formula to work nearly 30 years ago, and it launched a massive low-inflation, bull-market prosperity. ...
Have to love the RNC revisionist history here. The "prosperity" of the Reagan years can be most directly traced to two things:

1. Massive government spending. As a percentage of GDP, Reagan is the biggest spender post-WWII, even beating out GWB (though George may have topped him in his last year, haven't checked the data recently).
Come back in 2 months, we'll have a new record for you ;)

i've seen the raw numbers, and a comparison adjusted for inflation, but not one adjusted by gdp growth. I'll have to look at this once i get some free time, it may be close but i expect obama to come away with a narrow victory depending on the final measure of this years gdp.
 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
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We should just ignore PJABBER's garbage. For one, he doesn't even understand what he's posting. It follows this basic formula, Conservatives = Good, Democrats/Obama/Liberals = Bad. Next time he posts a wall of text, just let it slide to the 3rd or 4th page. He's just like a dog, if you don't pay attention to it, it'll find it elsewhere. That's a good thing for P&N.